TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Scopely secures USD$340m (£262m) Series E funding; Shotcall raises USD$2.2m (£1.7m); and EA fined up to €5m (£4.5m) over loot boxes. Scopely secures USD$340m (£262m) Series E funding Los Angeles-based mobile gaming company Scopely has announced that it has secured USD$340m (£262m) in Series E funding at a suggested post-money valuation of USD$3.3bn, with the funding set to be used to support inorganic growth through acquisitions as well [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: “Significant” ramifications warned from Epic vs Apple case; Dapper Labs raises USD$18m (£13.8m); and Talon Esports secures USD$2m (£1.5m) seed funding. “Significant” ramifications warned from Epic vs Apple case US District Judge Yvonne Gonzalez Rogers has granted an injunction against Apple in its ongoing legal battle with Epic Games, ruling the tech giant cannot remove access to Unreal Engine developer tools, while also rejecting Epic Games’ demands to [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Nvidia acquires Arm for USD$40bn (£31bn); Twitch adverts now available programmatically; and Anubis Gaming raises USD$300,000 (£234,000). Nvidia acquires Arm for USD$40bn (£31bn) Nvidia has announced that it has reached an agreement with SoftBank Group Corp. to acquire Cambridge-based chipmaker Arm for a total consideration of up to USD$40bn (£31bn), consisting of USD$21.5bn (£16.8bn) in common stock, USD$12bn (£9.4bn) in cash, USD$1.5bn (£1.2bn) in issued equity, and up [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Paradox Interactive staff allege poor treatment; Gameye raises USD$2.4m (£1.8m); and Apple countersues Epic Games. Paradox Interactive staff allege poor treatment Multiple employees from Paradox Interactive have accused the Swedish developer-publisher of mismanagement and poor treatment, primarily over the closure of its Sweden publishing quality assurance (QA) department. According to the anonymous members of QA staff in a report published by Rock Paper Shotgun, Paradox executives failed to [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: IGN parent firm Ziff Davis partners with Tencent to relaunch IGN China; Apple blocks Epic Games from submitting updates to the App Store; and Potato Play raises $1.75m in seed funding.   Ziff Davis and Tencent Partner in IGN China relaunch   Parent-company of IGN, Ziff Davis, has joined forces with Chinese technology heavyweight Tencent to relaunch IGN China. The new version of the company’s flagship site, which went live [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Challengermode raises USD$12m (£9.1m); Frogwares in legal dispute with Nacon; and Colossi Games secures USD$650,000 (£495,360). Challengermode raises USD$12m (£9.1m) Esports tournament creation and listings platform Challengermode has raised USD$12m in a funding round led by Alibaba Group’s eWTP Innovation Fund, with support from GP Bullhound, Back in Black Capital, and Telia Ventures. The investment will be used by the Stockholm-based firm to expand into North America, develop [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: March Capital launches USD$60m (£46m) gaming fund; Hiber raises USD$2.25m (£1.71m); and Lootcakes secures USD$2m (£1.5m). March Capital launches USD$60m (£46m) gaming fund March Capital Partners has announced the launch of a USD$60m (£46m) fund dedicated exclusively to video game companies. Operating out of Santa Monica, California, the new vehicle will provide cheques of between USD$500,000 (£380,430) and USD$3m (£2.3m) to approximately 12-15 gaming firms at seed or [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Odyssey Interactive raises USD$6m (£4.5m); Nvidia revenue up by 50%; and Kolibri Games opens Bucharest studio. Odyssey Interactive raises USD$6m (£4.5m) Nascent Canadian studio Odyssey Interactive has announced that it has raised USD$6m (£4.5m) in seed funding from Andreessen Horowitz, Golden Ventures, A16z Cultural Leadership Fund, and a host of angel investors including Kevin Lin (co-founder of Twitch) and Steve Chen (co-founder of YouTube). The investment will be [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Apple further retaliates against Epic Games; Tencent acquires minority stake in Voodoo; and Hour One raises USD$5m (£3.8m). Apple further retaliates against Epic Games Apple has threatened to remove Epic Games‘ access to its iOS and Mac development tools by Friday 28th August unless it removes its direct payment system within the Fortnite title, which bypasses its App Store platform. The dispute has already seen the popular game [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Zynga acquires Rollic; Nintendo profit up by 428%; Big Run Studios raises USD$5.25m (£4.00m); and Venatus partners with Frameplay. Zynga acquires Rollic Mobile gaming giant Zynga has announced that it has entered the hyper-casual market with the acquisition of Istanbul-based developer-publisher Rollic for a minimum cash consideration of USD$168m (£128m). As well as growing its audience by the measure of around 65 million monthly active users (MAUs), Zynga [...]